Author: strong

Benchmark BSE Sensex tumbled by nearly 483 points on Monday due to selling in IT, capital goods and banking shares following losses in global equities on worries over high-interest rates. The 30-share index tanked 482.61 points or 0.81 per cent to close at 58,964.57 with 23 of its constituents closing in the red. During the day, it tumbled 552.78 points or 0.92 per cent to 58,894.40. The 50-issue Nifty of the National Stock Exchange declined by 109.40 points or 0.62 per cent to finish at 17,674.95 as 29 of its…

 In a bid to check fraud, the Reserve Bank on Friday decided to permit all banks to introduce card-less cash withdrawal through ATMs. Currently, card-less cash withdrawal through ATMs is a permitted mode of transaction offered by a few banks in the country on an on-us basis (for their customers at their own ATMs). “It is now proposed to make card-less cash withdrawal facility available across all banks and ATM networks using the UPI. In addition to enhancing ease of transactions, the absence of the need for physical card for…

 Tata Motors on Thursday said it has bagged an order for 1,300 commercial vehicles from VRL Logistics. The order comprises medium and heavy commercial vehicle and intermediate & light commercial vehicle range, suited for logistics operations of VRL Logistics, the Mumbai-based automaker said in a statement. The vehicles were selected basis the superior drivability, high fuel efficiency and low total cost of ownership, which will enable VRL Logistics to increase its fleet efficiency, it added. “We endeavour to engineer our vehicles to offer the lowest total cost of ownership and…